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AN ACT
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relating to member contributions to certain retirement, |
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disability, and death benefit systems provided by certain cities |
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and towns. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2, Chapter 426, Acts of the 64th |
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Legislature, Regular Session, 1975 (Article 6243k, Vernon's Texas |
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Civil Statutes), is amended to read as follows: |
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Sec. 2. (a) An incorporated city or town may create a |
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retirement, disability, and death benefit system for its appointive |
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officers and employees if a majority of the qualified voters of the |
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city or town voting on the proposition approve the creation at an |
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election called for that purpose. Each member of the system shall |
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contribute to the system an amount determined by the city or town, |
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which, except as provided by Subsection (b), may not exceed 10 |
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percent of the member's annual compensation paid by the city or |
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town, and the city or town shall contribute for each member an |
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amount that at least equals but is not more than twice the amount of |
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the member's contribution. A member of a municipal system is |
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eligible for disability benefits if he is disabled in the course of |
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his employment with the city or town. A member is eligible for |
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retirement benefits if he is 65 years old or older, or he is 60 years |
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old but less than 65 years old and has been employed by the city or |
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town for 25 years or more. |
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(b) Each member of a retirement, disability, and death |
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benefit system provided under this section by a city or town shall |
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contribute to the system an amount determined by the city or town |
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that may exceed 10 percent of the annual compensation paid to the |
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member by the city or town if the city or town: |
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(1) has a population of 500,000 or more; and |
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(2) is located in a county: |
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(A) that has a population of 1.4 million or more; |
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and |
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(B) in which two or more cities or towns that each |
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have a population of 300,000 or more are predominately located. |
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SECTION 2. This Act takes effect September 1, 2007. |
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____________________________________________________________ |
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President of the SenateSpeaker of the House |
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I certify that H.B. No. 2870 was passed by the House on April |
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27, 2007, by the following vote: Yeas 133, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2870 was passed by the Senate on May |
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15, 2007, by the following vote: Yeas 30, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |